SenseTime - Asia Tech Wire

SenseTime

2024.12.23

22:03

IDC report: China's intelligent computing service market is expected to grow at a five-year compound annual growth rate of 56.2%

On December 23, the reporter learned from SenseTime that in the "China Intelligent Computing Service Market (2024 First Half) Tracking" report released by the international authoritative consulting agency IDC, SenseTime Technology ranked top 3 in the GenAI IaaS (Generative AI Infrastructure as a Service) market with a market share of 13.3%, ranking in the first echelon of the GenAI IaaS field. The report shows that in the first half of 2024, the overall market for China's intelligent computing services increased by 79.6% year-on-year, and the market size reached 14.61 billion yuan. According to IDC's forecast, the compound growth rate of China's intelligent computing service market from 2023 to 2028 will reach 56.2%, and the overall market size will reach 182.5 billion yuan in 2028. The GenAI IaaS market will grow at a compound growth rate of 79.0%, and it is expected that the market size will account for 50% of the overall market in 2028.

2024.12.11

09:21

SenseTime completed a placement of approximately HK$2.8 billion with participation from a number of international funds, long-term funds and existing shareholders

Regarding SenseTime's announcement today that it plans to place 1.865 billion shares to raise HK$2.787 billion, the reporter learned that a number of internationally renowned funds, long-term funds and existing shareholders participated. The funds raised will be used to support the company's core business development, including building an industry AI cloud, increasing the scale of SenseTime's large-scale facilities, supporting generative artificial intelligence, including large-model research and product development, as well as the company's general operating funds.

2024.04.24

04:07

SenseTime shares soar after launching latest AI model rivaling GPT-4 Turbo

Asia Tech Wire (Apr 24) -- Shares of Chinese artificial intelligence firm SenseTime Group (0020.HK) have soared after launching its latest model that rivals OpenAI's GPT-4 Turbo generation model.

2023.11.28

06:57

Chinese AI firm SenseTime plunges after short-seller report

Asian Tech Press (Nov 28) -- Chinese AI firm SenseTime Group (0020.HK) plunged on Tuesday after a short-seller report accused it of artificially inflating its revenue.

2022.02.24

17:00

SenseTime founder debuts on Forbes' list of Hong Kong's 50 rchest people

Asian Tech Press (Feb 24) -- The founder of AI company SenseTime appeared for the first time on Forbes' list of Hong Kong's 50 richest people.

2021.12.31

08:30

US-blacklisted SenseTime soars 20% on second day of Hong Kong IPO

Asian Tech Press (Dec 31) -- U.S.-blacklisted AI company SenseTime surged 33.17% on its second day of listing in Hong Kong and is now at HK$5.50 per share, with a total market capitalization of about HK$183.053 billion ($23.48 billion).

2021.12.20

04:06

US-blacklisted SenseTime reopens IPO, secures $512 million from cornerstones

Asian Tech Press (Dec 20) -- U.S.-blacklisted AI company SenseTime announced on Monday that it has reopened its Hong Kong IPO, having secured about $512 million from nine cornerstone investors.

2021.12.13

06:01

Chinese AI startup SenseTime postpones $767 mln Hong Kong IPO after U.S. ban

Asian Tech Press (Dec 13) -- Chinese AI startup SenseTime Group made an announcement on the Hong Kong Stock Exchange in which the board of directors announced that the global offering and listing will be delayed and that the company expects to publish a supplemental prospectus, an amendment to the supplemental prospectus and a supplemental prospectus that will contain an updated listing timetable, the relevant application procedures for the Hong Kong Offer Shares and other relevant information. SenseTime said it remains committed to completing the global offering and listing as soon as possible.

2021.12.10

05:43

US to add Chinese AI firm SenseTime to investment blacklist ahead of IPO

Asian Tech Press (Dec 10) -- The U.S. will put Chinese AI firm SenseTime on its investment blacklist this Friday, just in time for its Hong Kong IPO, according to the Financial Times.

2021.12.06

07:54

Chinese AI startup SenseTime seeks to raise $767 million in its Hong Kong IPO

Asian Tech Press (Dec 06) -- Chinese artificial intelligence startup SenseTime Group is seeking to raise up to $767 million in its Hong Kong initial public offering, Reuters reported.

2021.11.23

03:53

Asia's biggest AI software company SenseTime passes HKEx hearing

Asian Tech Press (Nov 23) -- China's leading artificial intelligence (AI) company SenseTime Group Inc. passed the Hong Kong Stock Exchange hearing on the evening of Nov. 22, with CICC, Haitong International and HSBC as its lead underwriters. The IPO is scheduled to raise up to $2 billion, according to media reports.

2021.11.19

14:19

Chinese AI firm SenseTime gets approval for Hong Kong IPO

Asian Tech Press (Nov 19) -- Chinese AI firm SenseTime has received approval from the Hong Kong Stock Exchange to list in the city, with plans to raise more than $1 billion in its initial public offering, IFR reported Friday.

2021.08.17

07:21

AI firm SenseTime said to launch $2 billion Hong Kong IPO

Asian Tech Press -- Hong Kong-based AI firm SenseTime will launch a $2 billion Hong Kong IPO, Bloomberg reported, citing people familiar with the matter.

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